The NPD Group

Item Tracker Sales Soar Alongside Luggage and Travel Accessories, Reports Circana

Retrieved on: 
Monday, April 24, 2023
The NPD Group, Growth, Travel, IRI, Tourism

CHICAGO, April 24, 2023 /PRNewswire-PRWeb/ -- Technology has long played a role in our travel experiences. From navigation to entertainment and, most recently, tracking products that ensure our travel essentials arrive at our final destination. With almost one-third of Americans planning more leisure travel in 2023, it's no wonder item trackers have experienced a strong start this year. Sales revenue for these products increased by 82% in the U.S. and unit sales grew 63% in January and February combined, according to Circana, formerly IRI and The NPD Group.

Key Points: 
  • With almost one-third of Americans planning more leisure travel in 2023, it's no wonder item trackers have experienced a strong start this year.
  • While keeping tabs on luggage and travel accessories is just one use-case for item trackers, Circana's Retail Tracking Service data shows sales revenue from item trackers surged 94% in January 2023 alone, following the many travel disruptions during the 2022 holiday season.
  • In 2022, sales of both item trackers and travel goods experienced continued growth following strong gains in 2021.
  • Last year luggage and travel accessories sales revenue increased 16% , while item tracker sales grew 48%.

U.S. Discretionary Retail Sales Revenue Fell 7% in March, Reports Circana

Retrieved on: 
Thursday, April 13, 2023
Thought, The NPD Group, CPG, Pressure, Consumer, News, IRI, Cryptocurrency, Retail

CHICAGO, April 13, 2023 (GLOBE NEWSWIRE) -- CHICAGO, April 13, 2023 – In March 2023, discretionary U.S. general merchandise retail sales revenue fell 7%, compared to March 2022, and unit sales fell 8%, which is double the average monthly declines in January and February.

Key Points: 
  • CHICAGO, April 13, 2023 (GLOBE NEWSWIRE) -- CHICAGO, April 13, 2023 – In March 2023, discretionary U.S. general merchandise retail sales revenue fell 7%, compared to March 2022, and unit sales fell 8%, which is double the average monthly declines in January and February.
  • These steeper sales declines remained consistent during the last three weeks of March, spanning both units and dollars for the first time this year, according to Circana , formerly IRI and The NPD Group.
  • “Consumers are beginning to spend less on both discretionary and essential purchases with more consistency,” said Marshal Cohen, chief retail industry advisor for Circana .
  • Across discretionary general merchandise and consumer packaged goods (CPG), the trends in consumer spending and new product deficits in the marketplace have directional similarities that are intensified by elevated prices.

VTech® KidiZoom® Smartwatch Tops Youth Electronics Supercategory for Fourth Time Per Circana

Retrieved on: 
Tuesday, April 4, 2023
VTech, Diamond, The NPD Group, Treasure hunt, Electronics, IRI, Movement, Learning, Smartwatch, Toy, School

CHICAGO, April 4, 2023 /PRNewswire/ -- Today VTech® announced its KidiZoom® Smartwatch has been named the #1 selling item in the Youth Electronics Supercategory by Circana (previously IRI and The NPD Group).

Key Points: 
  • CHICAGO, April 4, 2023 /PRNewswire/ -- Today VTech® announced its KidiZoom® Smartwatch has been named the #1 selling item in the Youth Electronics Supercategory by Circana (previously IRI and The NPD Group).
  • "As the best-selling product in youth electronics for four of the past five years, our KidiZoom Smartwatch is a great example of how we successfully adapt adult technology for kids," said Andy Keimach, President, VTech Electronics North America.
  • "VTech remains a leader in children's electronics, and we look forward to continuing to evolve in the category with innovative, age-appropriate technology."
  • As a pioneer in the children's wearable technology category, VTech continues to lead the way in KidiTech with the award-winning KidiZoom Smartwatch.

SKULLCANDY CELEBRATES EVOLUTION OF CANNABIS CULTURE WITH LIMITED STRAIN OF HIGH-GRADE BUDS

Retrieved on: 
Tuesday, April 4, 2023
MSRP, The NPD Group, Spotify, FIND Technology, Tile, Smoke, PARK, Purple Haze, Video game, Mobile phone, Cassette tape, Skullcandy

PARK CITY, Utah, April 4, 2023 /PRNewswire/ -- Skullcandy, the #1 selling brand in true wireless earbuds1 under $100, announced today the release of limited-edition Grind HAZE True Wireless Earbuds inspired by the legendary Indica-dominant Purple Haze strain. The drop celebrates increasing acceptance of the cannabis lifestyle with a display-worthy look that exudes a kick-back-and-chill vibe. The exclusive buds have rolled out globally and are available for $89.99 MSRP on Skullcandy.com, just in time for 420.

Key Points: 
  • The drop celebrates increasing acceptance of the cannabis lifestyle with a display-worthy look that exudes a kick-back-and-chill vibe.
  • The exclusive buds have rolled out globally and are available for $89.99 MSRP on Skullcandy.com, just in time for 420.
  • "From dirtbags with dirtweed to a full-blown lifestyle movement, cannabis culture has come a long way and Skullcandy has been there for it all," said Derek Steiner, director of global brand partnerships, Skullcandy.
  • "Leaning on the iconic Purple Haze strain for inspiration, it's no coincidence our 420 limited-edition Grind HAZE buds look good enough to smoke.

New Circana Report Reveals First Signs of an Upcoming TV Purchase Refresh Cycle

Retrieved on: 
Thursday, March 30, 2023
Television, The NPD Group, Area studies, Habit, IRI, Video game

CHICAGO, March 30, 2023 /PRNewswire-PRWeb/ -- In 2020, U.S. TV unit sales surged as consumers upgraded their home entertainment to accommodate more time spent at home. Last year, TV unit sales declined as economic headwinds caused needs and spending habits to shift. Despite the pandemic-driven surge in TV purchases, a new report from Circana, formerly IRI and The NPD Group, reveals the age of installed TVs is beginning to rise, an early indication of an upcoming TV purchase refresh cycle.

Key Points: 
  • Last year, TV unit sales declined as economic headwinds caused needs and spending habits to shift.
  • Despite the pandemic-driven surge in TV purchases, a new report from Circana , formerly IRI and The NPD Group, reveals the age of installed TVs is beginning to rise, an early indication of an upcoming TV purchase refresh cycle.
  • The average TV is 6.6 years old when it is replaced, according to the latest "TV Ownership Trends Report" from Circana.
  • "The demand cycle was disrupted by the pandemic, but we expect to return to the typical refresh rate by 2024.

Shark Beauty™ Partners with Sephora: Bringing the Viral Shark FlexStyle™ and Shark Beauty™ Portfolio to Clients Online

Retrieved on: 
Tuesday, March 28, 2023
Hair, Partnership, The NPD Group, Friends, All, Sephora, Concentrator, Hair care, Shark, Cosmetics

NEEDHAM, Mass., March 28, 2023 /PRNewswire/ -- Shark Beauty™, an innovation leader in the hair care industry designing products by and for all hair types, is expanding its retail presence with the announcement of its partnership with Sephora U.S. The Shark FlexStyle™ Air Styling and Drying System, a powerfully fast dryer and ultra-versatile multi-styler, will be available on Sephora.com beginning April 4, 2023 – making the viral tool, with over 190MM views on TikTok, even more accessible for consumers.

Key Points: 
  • "Shark Beauty™ celebrates the diverse, the eclectic, and the yet-to-be celebrated hair, because all hair types are beautiful.
  • The prestige omni beauty retailer will carry the Shark FlexStyle™ in three configurations, reflecting Shark Beauty's mission to create hair tools made for all hair types.
  • Shark FlexStyle™ (HD435) Best for Curly & Coily Hair, Stone Colorway ($299.99) – Includes (2) 1.25" Auto-Wrap Curlers, Oval Brush, Concentrator and Curl-Defining Diffuser.
  • Since launching in the fall of 2022, the Shark FlexStyle™ has become the #1 Hot Air Styler priced $100-$500*.

REGISTRATION IS NOW OPEN FOR COSMOPROF NORTH AMERICA'S 20TH EDITION!

Retrieved on: 
Wednesday, March 22, 2023
Partnership, Beauty, Life, The NPD Group, Infrastructure, Culture, Professional, Las Vegas Convention Center, West Hall (Rensselaer Polytechnic Institute), Cosmetics, Multimedia, CosmoProf, School, Student, Macy's, Space.NK, Architecture, PBA, SVP, Hair care, Neiman Marcus, Video game, Department store, Food, LVCC

LAS VEGAS, March 22, 2023 /PRNewswire/ -- Cosmoprof North America, the award-winning leading B2B trade show in the Americas, is excited to announce registration is now open for its 20th edition, which will take place July 11th – 13th at the Las Vegas Convention Center (LVCC) in Las Vegas, Nevada. This special event occurs as the beauty industry bounces back with an even stronger 2022 performance, making it the only industry across general merchandise retail categories with positive year-over-year unit sales (Circana, formerly The NPD Group).

Key Points: 
  • Since 2003, Cosmoprof North America has been a premier launching pad for new and up-and-coming beauty brands by introducing everything from product innovations to new distribution channels.
  • "We know the 20th installment of Cosmoprof North America will continue to provide unparalleled customer experience while setting the tone for trends, innovation, and excellence in the beauty industry," shares Nina Daily, Executive Director of the Professional Beauty Association.
  • The 20th edition will return to a one-hall format (the West Hall in LVCC) to ease navigation between different product sectors.
  • The Cosmoprof platform extends throughout the entire world, with Cosmoprof North America, Cosmoprof CBE ASEAN, Cosmoprof India, and Cosmoprof Asia.

Grande Cosmetics Celebrates 15 Years of Transformations With An Exclusive Display at Ulta Beauty

Retrieved on: 
Wednesday, March 22, 2023
Cosmetics, The NPD Group, Partnership, Ulta Beauty, Multimedia, Serum

VALHALLA, N.Y., March 22, 2023 /PRNewswire/ -- Starting this month it's easier—and more fun than ever—to shop your Grande Cosmetics faves, and discover new ones at Ulta Beauty. The #1 Lash & Brow Serum Brand in the US* is "painting the town pink" by rolling out a four-shelf display featuring everything you need for longer-looking lashes, bolder brows, and visibly plumped lips. The display is part of the brand's 15th anniversary celebration and pays homage to the product that started it all, the iconic GrandeLASH-MD Lash Enhancing Serum, with a larger-than-life bottle.

Key Points: 
  • The fuchsia display welcomes Ulta Beauty guests into the world of Grande, one that is vibrant and bold, as well as seriously effective.
  • Alongside Grande Cosmetics' best-selling enhancing serums, Ulta Beauty guests can find new additions to the Grande lineup, including the revolutionary GrandeBROW 2-in-1 Tinted Brow Gel + Brow Enhancing Serum.
  • Grande says, "We're proud of our partnership with Ulta Beauty, and grateful for the chance to celebrate what we've built over the last 15 years with this display.
  • Grande Cosmetics can be found in Ulta Beauty stores nationwide with their full assortment available at ultabeauty.com.

Circana Is Extending Its Industry-Leading, Cloud-Based Liquid Data Platform to Accelerate Growth in General Merchandise and Foodservice

Retrieved on: 
Wednesday, March 22, 2023
Cloud, Amazon Web Services, The NPD Group, BEA Systems, CPG, Microsoft, IRI, Sale, Algorithm, Google Cloud, Oracle Cloud, Growth, Azure, AWS, Video game

Chicago, March 22, 2023 (GLOBE NEWSWIRE) -- Circana , formerly IRI and The NPD Group, is expanding its industry-leading Liquid Data technology platform for CPG, retail and media to generate new levels of growth for general merchandise and foodservice.

Key Points: 
  • Chicago, March 22, 2023 (GLOBE NEWSWIRE) -- Circana , formerly IRI and The NPD Group, is expanding its industry-leading Liquid Data technology platform for CPG, retail and media to generate new levels of growth for general merchandise and foodservice.
  • Liquid Data also supports hybrid and private cloud deployments, so companies can keep their data safe behind their firewalls while taking full advantage of Liquid Data’s capabilities.
  • With hundreds of integrated third-party data sets and access to over 2,500 embedded algorithms, Liquid Data can be further enriched with clients’ first-party data whether that data is on their servers or in a public cloud.
  • Integrating Circana’s point-of-sale and panel data covering 26 industries, frequent shopper data from loyalty cards, hundreds of third-party data sets and proprietary client data, Liquid Data provides businesses with a comprehensive view of their consumers, enabling them to make informed decisions and drive growth.

Annual Consumer Spend Increased by 4.4% as Consumers Make Trade-offs to Offset Rising Costs, Reports Circana

Retrieved on: 
Tuesday, March 21, 2023
Food, The NPD Group, CPG, Sports equipment, Consumer, Research, Tobacco, Millennials, IRI, SNAP, Generation Z, Video, Team, Beauty, Growth, Health, Retail

Chicago, March 21, 2023 (GLOBE NEWSWIRE) -- Annual spending per consumer has increased to $10,471, up $440 versus a year ago, according to Circana , formerly IRI and The NPD Group.

Key Points: 
  • Chicago, March 21, 2023 (GLOBE NEWSWIRE) -- Annual spending per consumer has increased to $10,471, up $440 versus a year ago, according to Circana , formerly IRI and The NPD Group.
  • However, trade-offs vary widely among consumer segments as shoppers prioritize their unique needs.
  • “In a rapidly evolving marketplace, it can be difficult to gain a complete picture of consumer behavior,” said Michelle Bennett, executive vice president, Consumer and Shopper Insights, Circana.
  • “Complete Wallet will provide not only a holistic view of the total consumer, but rich insights into how specific consumer groups shop and the differences between cohorts.